Tim Lister

Americans have spent the last few years complaining about inflation. But price rises in Russia are eye-watering by comparison – and just one symptom of an economy that is overheating.

A Russian counter-offensive to recover parts of Kursk lost to Ukrainian forces following a surprise, cross-border attack is underway but is yet to gain momentum.

Ukraine’s audacious foray into the Russian region of Kursk has been a triumph for its military intelligence and tactical agility – and equally a signal that, despite its advantage in terms of men and armor, the Russian military has plenty of vulnerabilities.

At a Kremlin meeting on Wednesday, Vladimir Putin fixed the commander in chief of Russia’s military, General Valery Gerasimov, with a cold stare and a look of exasperation. The video, released Wednesday by the Kremlin, showed the Russian president was not happy with news from the southern region of Kursk.

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